Surprise Dip In UK Inflation Rate Spurs Hope For Interest Rate Cut

LONDON, ENGLAND - JANUARY 15: Fresh fruit and veg is sold on an international supermarket in Bromley on January 15, 2025 in London, England. Prices in the UK rose 2.5% in the year to December 2024, down from 2.6% the month before, according to new data released by the Office for National Statistics (ONS). The surprise dip in the inflation rate - as reflected in December's Consumer Price Index (CPI) data - was the first drop in the UK inflation rate in three months and has prompted hope for a cut in interest rates. (Photo by Dan Kitwood/Getty Images)